According to my technical analysis, there is an inverse head and shoulder generated in SUNTV. This gives two targets of 20%++ and 50%+ respectively.
Sun television has solid fundamental track records, with exceptional ROCE of 30+ maintained over the last 10 years and good sales & profit growth every year(except last 2 years due to pandemic). This sales decrease is already corrected with price and is now moving upward with new hops in its hands. Also, promoter holding always remained 75% which shows confidence in the boss.
How to trade?
I personally will wait for the breakout to happen since prices past few days are in a choppy region.
This stock can give massive returns when projected over one year time.
Disclaimer - This technical analysis is not a buy/sell call. This is just educational content to understand the workings of price.
Sun television has solid fundamental track records, with exceptional ROCE of 30+ maintained over the last 10 years and good sales & profit growth every year(except last 2 years due to pandemic). This sales decrease is already corrected with price and is now moving upward with new hops in its hands. Also, promoter holding always remained 75% which shows confidence in the boss.
How to trade?
I personally will wait for the breakout to happen since prices past few days are in a choppy region.
This stock can give massive returns when projected over one year time.
Disclaimer - This technical analysis is not a buy/sell call. This is just educational content to understand the workings of price.
